Companies listed on Euronext are indexed according to size, segments, sectors and per national market. It is not necessary to apply for inclusion in an index, just as a company cannot block its inclusion.

News

Euronext Press Releases

Amsterdam, Brussels, Lisbon and Paris – 20 April 2017– Euronext is announcing today the new composition of its « Tech 40 » label, which recognises 40 innovative European small and mid-cap companies listed on its markets. This year, 12 new companies are entering in the new label composition, selected by a group of independent European experts, based on capital markets, economic and financial performance criteria. The companies are also added to the eponymous index, composed exclusively of the labelled « Tech 40 » stocks.

Euronext launched the « Tech 40 » label two years ago to increase the exposure of promising tech companies that are listed on its markets. The index for these shares rose by +25% year on year.[1] The 40 labelled companies have a combined revenue of €10 billion, 45 000 employees and total market capitalisation of €14,5 billion.[2]

The « Tech 40 » initiative is among one of the several programs developed by EnterNext, the Euronext subsidiary dedicated to the promotion of listed small and mid-cap tech companies. EnterNext assists tech companies in their listings and help raise their profile on the financial markets. Its initiatives include: the TechShare programme which aims to help unlisted tech companies’ executives to better understand the role and operations of the financial markets; a partnership with Morningstar to strengthen investors’ knowledge and financial analysis of tech stocks; and the launch of The Tech Corner, a web platform dedicated to the market financing of the tech sector at https://tech.euronext.com/en

Please find the members of the « Tech 40 » label listed below (the 12 new members are marked in green).

Market’s largest listing since January; market capitalisation was €1 billion on the day of the listing, and the transaction amounted to total of €400 million

Paris – 6 April 2017 – Euronext today welcomes X-FAB Silicon Foundries SE, a technology company specialised in the production of analog and mixed-signal integrated circuits, to Compartment A of its regulated market Euronext Paris.

X-FAB Silicon Foundries develops technologies that connect the analog with the digital world. The company provides IP design and manufacturing services to enable customers to compete in high growth and long lifecycle semiconductor segments. It is one of the world’s top ten foundry groups for semiconductor applications, offering technology and manufacturing services to the automotive, industrial and medical industries. Headquartered in Germany, X-FAB operates worldwide, with six manufacturing sites in France, Malaysia, Germany and the US.

X-FAB (ticker code: XFAB) was listed through the admission to trading on 6 April 2017 of 130 781 669 shares including 31 250 000 new shares issued through a Global Offering*.

The offering price was set at €8 per share. Market capitalisation was €1 billion on the day of listing, and the transaction amounted to total of €400 million.

At the listing ceremony, Rudi De Winter, CEO of X-FAB group, said: “We are delighted with X-FAB’s listing on Euronext Paris. This is an important milestone on our way to become the foundry of choice for the analog world. The funding raised today will allow us to continue on our growth path by further expanding our technology offering and manufacturing capacities. It will also allow us to take advantage of additional opportunities in the future. I would like to use this opportunity to express my gratitude to all of our shareholders – old and new – and to the partners and employees who contributed to the success of this listing.”

Anthony Attia, CEO of Euronext Paris and Global Head of Listing, said: “X-Fab is the biggest IPO of the year in terms of capital raised, and the biggest Tech IPO on Euronext over the last three years. This operation demonstrates that we are the venue of choice for technology companies in Europe, in accordance with our strategy Agility For Growth. With today’s listing, X-FAB joins the family of more than 330 tech companies currently trading on Euronext’s pan-European market.”

* The Global Offering was made up of a Public Offering that included an Open Price Public Offering in France and a Global Placement with institutional investors in France and other countries

About X-FAB Silicon Foundries
X-FAB is the leading analog/mixed-signal and MEMS foundry group manufacturing silicon wafers for automotive, industrial, consumer, medical and other applications. Its customers worldwide benefit from the highest quality standards, manufacturing excellence and innovative solutions by using X-FAB’s modular CMOS processes in geometries ranging from 1.0 to 0.13 µm, and its special BCD, SOI and MEMS long-lifetime processes. X-FAB’s analog-digital integrated circuits (mixed-signal ICs), sensors and micro-electro-mechanical systems (MEMS) are manufactured at six production facilities in Germany, France, Malaysia and the U.S. X-FAB employs approximately 3,800 people worldwide. For more information, please visit www.xfab.com.

Amsterdam, Brussels, Lisbon, London and Paris – 5 April 2017 – Euronext, the leading pan-European exchange in the Eurozone, today announced trading volumes for March 2017.

The March 2017 average daily transaction value on the Euronext cash order book stood at €7,394 million down -3.1% compared to March 2016 and up +4.7% from the previous month. March was the third consecutive month of volume increase with the highest average daily transaction value since June 2016. The average daily transaction value on ETFs was €511 million, down by -17.1% compared to March 2016 and down by -4.7% from the previous month. Our ETF offering continued its expansion this month with 808 listings at the end of March compared to 790 at the end of 2016.

The average daily volume on equity index derivatives reached 227,450 contracts in March 2017, up +3.7% compared to March 2016 and down -2.4% from the previous month. The average daily volume on individual equity derivatives reached 255,795 contracts in March 2017, up 9.9% compared to March 2016 and down -9.4% from the previous month.

In March 2017, the average daily volume on commodities derivatives reached 55,226 contracts, down -9.4% compared to March 2016 and down -4.7% from the previous month.

On a year-to-date basis, the overall average daily volume on Euronext derivatives stands at 517,956 contracts (-8.0% compared to end of March 2016) and the open interest was up at 14,565,756 contracts (+4.8% compared to end of March 2016).

In March 2017, Euronext had two new listings with Tikehau Capital SCA and Avantium NV that raised €103 million. In addition, €7.1 billion were raised on Euronext in corporate bonds and €6.6 billion of follow-on equity, of which a capital increase with preferential subscription rights on EDF for €4 billion. The green bonds segment was very dynamic with five issues - both from corporates and public institutions - for a total of €2.6 billion, of which a €1.5 billion issue from Engie and a €1 billion bond from SNCF Réseau.

After opening, the first market price was € 3.88 per share. The total market capitalisation of the company at opening was approximately € 6.8 billion.

VEON is a global provider of connectivity, with the ambition to lead the personal internet revolution for the 235+ million customers it serves today, and many others in the years to come.

Headquartered in Amsterdam, VEON is the name of the parent company and its new personal internet platform that integrates powerful data analytics and artificial intelligence, with a fresh take on messaging capabilities, enabling users and communities to connect by voice, text, picture and video through a beautifully designed interface.

Jean-Yves Charlier, Chief Executive Officer at VEON, said: “We are delighted to be in Amsterdam today to celebrate the beginning of public trading for VEON on Euronext Amsterdam. This new listing provides us with better access to European-based investors and enables us to broaden our investor base. Amsterdam is globally recognized as a major centre for software development and digital talent, which makes the city the natural headquarters for our Group, from which to pursue our global ambition.”

Jean-Yves Charlier and VEON’s global management team celebrated the company’s listing by sounding the gong, which denotes the opening of trading of VEON on Euronext Amsterdam.

Migration in H2 2018, ahead of the expiration of existing agreement with LCH.Clearnet SA

Subject to regulatory approval

Amsterdam, Brussels, Lisbon, London and Paris – 3 April 2017– Euronext, the leading pan-European exchange in the Eurozone, announces it has signed a binding heads of terms with ICE Clear Netherlands, a subsidiary of Intercontinental Exchange (NYSE: ICE) for the provision of clearing services for its financial derivatives and commodities markets.

Under its “Agility for Growth” strategy, Euronext has deployed significant effort to establish clearing optionality for its clients, including acquiring a 20% stake in EuroCCP and subsequently launching the preferred clearing model for cash equities.

On 3 January 2017, Euronext announced that it had been granted exclusivity to acquire 100% of the share capital and voting rights of LCH.Clearnet SA (“Clearnet”), contingent on the closing of the merger between Deutsche Börse AG and LSE Group. Euronext has communicated to the management and the Board of Directors of both LSE Group and LCH Group that the transaction remains a strategic priority of Euronext and that Euronext will remain a willing buyer of Clearnet, ‎irrespective of the outcome of the merger between LSEG and DBAG, under the terms agreed.

Considering the European Commission’s prohibition of the merger between Deutsche Börse AG and LSE Group and the refusal of LSE Group and LCH Group to engage in discussions about completing the agreed sale of Clearnet, Euronext is now obliged to ensure its clients obtain the best, most cost effective and competitive clearing solutions beyond 31st December 2018, at which time the current clearing services agreement with Clearnet will expire.

The agreement with ICE Clear Netherlands covers the clearing of financial derivatives and commodity derivatives for a period of 10 years with ICE Clear Netherlands. Euronext will contribute a €10m upfront investment in ICE Clear Netherlands. Clearing operations will be run from Amsterdam and a new and innovative solution for asset financing, inventory management and physical delivery for commodities will be built by Euronext and operated from Paris.

The parties intend to significantly reduce explicit and implicit costs for customers, through a 15% reduction in headline clearing fees, lower treasury management fees and the delivery of strong capital efficiencies.

In addition the agreement provides for a continued income stream for Euronext, with EBITDA levels that should be comparable to FY2016.

Overall this represents a long term, open access, sustainable and innovative Eurozone based clearing proposition for Euronext and its customers.

Euronext will appoint one representative to ICE Clear Netherlands risk committee and will chair a product committee dedicated to Euronext‘s clearing service.

The formal clearing services agreement is expected to be completed during Q2 2017.

In respect of its cash equity markets, Euronext has launched a Preferred Clearing service, providing trading participants with the choice of CCP of Clearnet and EuroCCP, in which it owns a 20% equity stake. This model will be followed by a fully interoperable service and will be open to other CCPs in due course.

In order to ensure a seamless migration of Euronext derivative markets to the new clearing house during H2 2018, Euronext and ICE Clear Netherlands will immediately engage in a joint client consultation.

Stéphane Boujnah, CEO and Chairman of the Managing Board, Euronext N.V said: “Despite the prohibition of the merger between Deutsche Börse AG and LSE Group by the EU Commission, Euronext has reaffirmed to both LSE and LCH Group its willingness to proceed with the acquisition of Clearnet for €510m, and Euronext continues to remain a willing buyer of Clearnet. But in the absence of obtaining an agreement to complete this acquisition, Euronext is fully committed to securing the best long-term solution for its post-trade activities, in the interests of clients and shareholders. I am therefore pleased to be signing heads of terms with ICE, who are renowned for their world-class clearing services, to deploy joint clearing services to Euronext markets from Amsterdam and Paris.”

The CAC 40® Governance Index takes the constituent stocks of the CAC 40 index and weights the components based on their corporate governance score, using Equitics® methodology developed by Vigeo Eiris. Equitics® is based on 45 indicators that address the following four criteria:

Audit and internal controls: independence of specialised committees and review of CSR risks

Shareholders’ rights: fair treatment and protection of minorities

Responsible executive remuneration.

CAC 40® component stocks are classified in four groups of ten, based on their scores, and assigned a corresponding weight in the index (see complete list in Appendix 2 below):

the ten top-rated companies are assigned a total weight of 40%

the next ten are assigned a weight of 30%

the ten following companies are assigned a weight of 20%

the final ten are assigned a weight of 10%.

The index is calculated and disseminated like the CAC 40, except that stocks’ weighting is based not on market capitalisation but on their corporate governance performance score. This score is assigned using a questionnaire that rates the integration of social responsibility and sustainability in their processes for decision-making, control and management assessment. Index composition and weighting are reviewed quarterly, like the CAC 40 Index.

The top ten companies in the index are as follows (in alphabetical order):

ISIN code

Company name

FR0000051732

ATOS

FR0000120628

AXA

FR0000131104

BNP PARIBAS

FR0000120644

DANONE

FR0010208488

ENGIE

FR0010307819

LEGRAND

FR0000130809

SOCIETE GENERALE

FR0000120271

TOTAL

FR0000124711

UNIBAIL RODAMCO

FR0000125486

VINCI

The index shows that CAC 40 companies demonstrate robust performances in responsible corporate governance. Environment, Social and Governance (ESG) factors are well integrated, particularly in terms of respect for shareholders’ rights and audit and internal controls. The main area of vulnerability and axis for improvement is responsible executive remuneration, in particular the independence of remuneration committees, transparency on remuneration levels, and integration of objectives for mitigating CSR-related risks based on performance and progress indicators in short and long-term incentive plans.

Fouad Benseddik, Director of Methods and Institutional Relations at Vigeo Eiris, said: “We are delighted to be continuing our longstanding partnership with Euronext with this new thematic index. And we are convinced that this new index, which responds to strong market demand, will lead to even better recognition of the companies that rely on the most responsible governance systems.”

“In socially responsible investment, extra-financial rating is considered a good indicator of company solidity and CSR performance. We teamed up with Vigeo Eiris to design the first corporate governance index based on the CAC 40, to demonstrate that aligning company interests with those of its stakeholders can create long-term value,” added Anthony Attia, CEO of Euronext Paris and Global Head of Listing.

About Vigeo Eiris
Vigeo Eiris is a global provider of environmental, social and governance (ESG) research to investors and public and private corporates. The agency evaluates the level of integration of sustainability factors into organisations’ strategies and operations, and undertakes risk assessments to assist investor and corporate decision-making.
Vigeo Eiris offers two types of services through separate business units:

Vigeo Eiris enterprise works with organisations of all sizes, from all sectors, public and private, in order to support them in the integration of ESG criteria into their business functions and strategic operations.

Vigeo Eiris methodologies and rating services adhere to the strictest quality standards and have been certified to the independent ARISTA® standard. Vigeo Eiris is a CBI (Climate Bond Initiative) Verifier. Vigeo Eiris’ research is referenced in several international scientific publications.
Vigeo Eiris is present in Paris, London, Boston, Brussels, Casablanca, Milan, Montreal, Santiago and Tokyo and has a team of 200. The agency works with partners through its Vigeo Eiris Global Network.
‎For more information: www.vigeo-eiris.com

Strategic collaboration between the eurozone’s leading pan-European exchange and the leading global provider of independent investment research

Launch of a new range of Morningstar European indices and associated instruments, traded on Euronext

Offer to make available benchmark indices and create derivatives in Europe for investors

Amsterdam, Brussels, Lisbon, London and Paris — 20 March 2017 — Euronext and Morningstar today signed a strategic collaboration to launch product creation opportunities and risk management tools, based on Morningstar Indices. This offering, which includes new European indices for blue chips, will give investors access to relevant benchmarks and related market data at lower cost.

The products to be developed by Euronext aim to provide different investor profiles (asset managers, brokers and banks) with equity beta indices that can be used as benchmarks and for investable product creation. The new Morningstar indices are positioned as competitive alternatives to existing products, and will form part of the Morningstar Global Index Family, meeting industry demand for disruptive business model solutions via low cost licences. Later in the year Euronext will launch options and futures contracts on the two new European indices.

Sanjay Arya, Global Head of Morningstar Indexes, said: “Morningstar’s mission is to create great products that help investors reach their financial goals. Our indexes practice is an extension of that mission. Our collaboration with Euronext is designed to help investors gain accessible, consistent exposure to European markets with tools to manage risk in their portfolios.”

Stéphane Boujnah, CEO and Chairman of the Managing Board, Euronext N.V said: “This agreement with Morningstar is part of our ‘Agility for Growth’ strategy aimed at diversifying and strengthening our index offering in Europe. The Euronext Group is well positioned to meet rising demand for these products from clients at a time when the European market is actively seeking new business models. Working closely with our clients lets us deliver innovative solutions to the industry as a whole.”

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than USD$200 billion in assets under advisement and management as of 31 December 2016. The company has operations in 27 countries.

Amsterdam - 15 March 2017 – Euronext Amsterdam and Euronext Brussels today welcomed Avantium (ticker code: AVTX), a leading chemical technology company and forerunner in renewable chemistry. The listing follows the company’s successful Initial Public Offering (IPO), with a total offering of € 119 million.

After opening, the first market price was € 11.65. Based on the first price, the total market capitalization of the company was around € 294.1 million.

Avantium is a leading chemical technology company and a forerunner in renewable chemistry, developing efficient processes and sustainable products made from biobased materials. One of Avantium’s success stories is the YXY technology to produce PEF: a completely new, high-quality plastic made from plant-based industrial sugars. PEF is 100% recyclable. It offers a cost-effective solution for applications ranging from bottles to packaging film and fibres, positioning it to become the next generation packaging material.

Tom van Aken, Chief Executive Officer of Avantium, said: “The listing on Euronext Amsterdam and Brussels is an important milestone for our company. It will support us in effectively implementing our ambitious strategy going forward and enables Avantium to capture the market opportunity driven by the increasing demand for renewable chemicals and materials and increasing consciousness around sustainable products and production methods. The strong demand from both institutional and retail investors is overwhelming and the high level of support gives us confidence for our future as a listed company. We look forward to execute our strategy going forward with our new shareholders.”

To celebrate the successful IPO and listing, the CEO of Avantium sounded the gong in Amsterdam to open trading on Euronext’s markets. Avantium finishes this day at Euronext Brussels to celebrate their dual listing in Brussels with the closing bell.

1 Including maximum greenshoe, if fully exercised

About Avantium
Avantium is a leading chemical technology company and a forerunner in renewable chemistry. Together with its partners around the world, Avantium develops efficient processes and sustainable products made from biobased materials. Avantium offers a breeding ground for revolutionary renewable chemistry solutions.
From invention to commercially viable production processes. One of Avantium’s many success stories is the YXY technology to produce PEF: a completely new, high-quality plastic made from plant-based industrial sugars. PEF is 100% recyclable. It offers a cost-effective solution for applications ranging from bottles to packaging film and fibres, positioning it to become the next generation packaging material.
The YXY technology is the most advanced technology, and Avantium is also working on a host of other ground-breaking projects and is providing advanced catalysis research services and systems to companies in the chemical, refinery and energy sector. Avantium employs 90 people and the YXY Technology team, employed by the Joint Venture, comprises 50 people from around the world. This translates into cultural diverse teams representing over eighteen nationalities. Over 35% of these people hold a PhD degree. Avantium’s offices and headquarters are based in Amsterdam, the Netherlands.
For more information: intended-listing.avantium.com.

Amsterdam, 9 March 2017 – Euronext, the leading exchange in the Eurozone, today announces the results of the annual review of the AEX®, AMX® and AScX® indices. The changes due to the review will be effective from Monday 20 March 2017.

AEX®

No changes.

AMX®

No changes.

AScX®

Inclusion of:

Exclusion of:

Hunter Douglas

Kiadis Pharma

The compiler retains the right to change the published selection, for instance in case of a removal due to a take-over, till the publication of the final data after close of Wednesday 15 March 2017. All events happening after that date will not lead to a replacement of the selected company that possibly needs to be removed from the final selection.

Review AEX family

The AEX family is reviewed quarterly in June, September and December. The full annual review is in March. The quarterly reviews serve to replace removed constituents and to facilitate inclusion of recently listed companies.

Paris, 9th March 2017 – Euronext today announced the results of the quarterly reweighting of the CAC family indices, which took place after close of the markets on Thursday 9 March 2017. The changes following the review will be effective from 20 March 2017.

According to the Indices Rules (Section 5.4), the compiler retains the right to change the published selection, for instance in case of a removal due to a take-over, till the publication of the final data after close of Wednesday 15 Mars 2017.

All events happening after that date will not lead to a replacement of the selected company that possibly needs to be removed from the final selection.

Paris – 7 March 2017 – Euronext today welcomed asset management and investment group Tikehau Capital’s listing in Compartment A of its regulated market in Paris.

Tikehau Capital was founded in Paris in 2004 and manages assets totalling nearly €10 billion. It has built its growth on four asset categories: private debt, real estate, private equity and liquid strategies (bond management/diversified management and equities). Tikehau offers its clients—both institutional and private investors—alternative investment opportunities targeting long-term value creation. The company is using this listing and a public tender offer of its subsidiary Salvepar[1] to consolidate its operations and enable a better understanding of its business model, which stands out for its capacity to allocate capital across its four business lines and its atypical profile as a multi asset-class investor.

Tikehau Capital (ticker code: TKO) was listed through the admission to trading on 7 March 2017 of a total of 70,888,284 shares.

The offering price was set at €21 per share. The company’s market capitalisation on the day of listing was around €1.5 billion.

“We are delighted to list today on Euronext Paris, in a new and important step in the history and growth of Tikehau Capital,” said company co-founders Antoine Flamarion and Mathieu Chabran at the listing ceremony. “Consolidating our asset management and investment businesses and simplifying our shareholder structure and governance will benefit us as we step up the pace of growth. Listing offers an additional visibility and trust factor for our investor clients. We would also like to welcome the Fonds Stratégique de Participations which is joining our shareholder base, and extend warm thanks to all our shareholders, old and new, our partners, and our employees for their support and contributions to the success of this operation.”

[1] Investment company specializing in taking minority interests in listed and unlisted companies.

About Tikehau Capital
Tikehau Capital is an asset management and investment group that manages assets of around €10 billion, with €1.5 billion in shareholders’ equity. The group invests in different asset classes (private debt, real estate, private equity, and liquid strategies), in particular through Tikehau IM, its asset management subsidiary, which operates on behalf of global institutional and private investors. Controlled by its managers alongside first-tier institutional partners, Tikehau Capital has more than 170 employees in offices in Paris, Brussels, London, Milan and Singapore.
Tikehau Capital is listed on Euronext Paris (ISIN : FR0013230612; ticker: TKO)www.tikehaucapital.com

Brussels, 7 March 2017 – Euronext today announced the results of the annual review of the BEL 20®, BEL Mid® and BEL Small®. The changes will be effective from Monday 20 March 2017.

Results of the March 2017 review:

BEL 20®

Inclusion of:

Removal of:

Aperam

Ahold-Delhaize

Sofina

Elia

The BEL Steering Committee decided that Ahold Delhaize did not meet the criteria stipulated in rule 5.2.1 III and is therefore not eligible for inclusion in the BEL family.

BEL Mid®

Inclusion of:

Removal of:

Ascencio

Sofina

Biocartis

Elia

Tinc

BEL Small®

Inclusion of:

Removal of:

/

Biocartis

Tinc

The compiler retains the right to change the published selection, for instance in case of a removal due to a take-over, till the publication of the final data after close of Wednesday 15 March 2017. All events happening after that date will not lead to a replacement of the selected company that possibly needs to be removed from the final selection.

Review BEL 20®, BEL Mid® and BEL Small®

The BEL family is reviewed quarterly (March, June, September, December). The full annual review is in March. The June, September and December reviews serve to include new entrants in case the index consists of less than the standard number of constituents and to facilitate inclusion of highly ranked non-constituents, for example recently listed companies.

Lisbon, 6th March 2017: Euronext today announced the results of the annual review for the PSI 20®. The changes due to the review will be effective from Monday 20th march, 2017.

Results of the 2017 Review

PSI 20®

Inclusion of:

Ibersol, SGPS

Novabase, SGPS

The compiler retains the right to change the published selection, for instance in case of a removal due to a take-over, till the publication of the final data after close of Wednesday 15 March 2017. All events happening after that date will not lead to a replacement of the selected company that possibly needs to be removed from the final selection.

Review PSI 20®

The PSI 20® is reviewed quarterly (June, September, December). The full annual review is in March. The June, September and December reviews serve to facilitate inclusion of recently listed companies and to replace removed constituents.

Amsterdam, Brussels, Lisbon, London and Paris – 03 March 2017 – Euronext, the leading pan-European exchange in the Eurozone, today announced trading volumes for February 2017.

The February 2017 average daily transaction value on the Euronext cash order book stood at €7,065 million, down -17.7% compared to February 2016 and up +9.4% from the previous month. The average daily transaction value on ETFs was €537 million, down by -20.8% compared to February 2016 which was particularly active, and up +19.9% from the previous month. Our ETF offering continued its expansion with 811 listings at the end of February compared to 790 at the end of 2016.

The average daily volume on equity index derivatives reached 232,932 contracts in February 2017, down -6.7% compared to February 2016 and up +16.6% from the previous month. The average daily volume on individual equity derivatives reached 282,365 contracts in February 2017, stable compared to February 2016 (+0.3%) and up +40.8% from the previous month.

In February 2017, the average daily volume on commodities derivatives reached 57,935 contracts, down -15.6% compared to February 2016 and up +28.4% from the previous month.

On a year-to-date basis, the overall average daily volume on Euronext derivatives stands at 506,610 contracts (-13.9% compared to end of February 2016), with open interest up to 14,937,540 contracts (+6.7% compared to end of February 2016).

In February 2017, Euronext had three new SME listings: Osmozis, Lysogene and Inventiva that altogether raised €80 million. In addition, €21.2bn were raised on Euronext through bond issues – of which €2.5 billion in corporate bonds – as well as €1.6 billion of follow-on equity, including a public offer on Banco Commercial Portuges (BCP) for €1.3 billion.

The existing pan-European partnership will be expanded globally to launch a new network of fixed income venues

Amsterdam, Brussels, Lisbon, London and Paris – 03 March 2017 – Euronext today announces the global expansion of its Joint Venture and a $10 million investment in a minority stake in leading fixed income technology provider, Algomi. This strategic investment, which follows the agreement of a Joint Venture between both companies[1], will enable corporate bond traders to access Algomi’s innovative bond information network on a global basis and exchange risk more efficiently by identifying the most appropriate counterparty.

The global Joint Venture also involves working closely with regional exchanges and other partners to deliver holistic market access. As part of this, Euronext is working to establish an Automated Trading System (“ATS”) in North America, while discussions are already under way in APAC.

The bilateral nature of the bond market means the majority of trades, by value, are still completed away from e-platforms. Accordingly, the market is characterized by opaque and fragmented information with fragile liquidity. This initiative is designed to create a network of centralised information venues, turning disparate data into trade opportunities between counterparties yet maintaining the current client-to-dealer market structure.

Dealers will be able to access this network of venues either directly through their Algomi technology or through existing systems. Investor firms will benefit from the improved liquidity and best execution that the participating dealers will be able to provide on demand. The system is designed to maximise the range of eligible trades by minimising the potential leakage of crucial information.

This acquisition of a minority stake with governance rights reinforces the close links between the two companies and confirms Euronext’s ambitions in the fixed income space. As part of the partnership, Paul Humphrey, Head of Fixed Income, Rates & FX at Euronext, will join the Board of Directors of Algomi.

Stéphane Boujnah, CEO of Euronext: “Algomi’s cutting edge technology, combined with Euronext’s established position in the market place, will enable us to further diversify our revenues and capture selected opportunities arising outside of Europe, whilst tackling the symptomatic illiquidity of global corporate bond markets in partnership with our clients. This partnership with Algomi is central to our Fixed-income ambitions and our wider FICC diversification plans as part of our ‘Agility for Growth’ plan. As a strategic investor taking a board seat, we will be in a strong position to oversee the successful growth of the business, and consolidate future trading activity globally.”

Stu Taylor, Co-Founder and CEO of Algomi: “This long term commitment to Algomi by Euronext cements our position in the market. We are particularly excited by the access to the Euronext network of global regulated exchanges and the liquidity opportunities this will provide our clients. Liquidity challenges in fixed income markets are global by nature. Partnering with an established exchange to provide fixed income traders with a single resource for price discovery, trade execution and settlement on illiquid bonds is a major part of our mission to unlock liquidity. The initiative will allow us to bring Algomi’s unique bond information network to new parts of the credit market, something which has been very positively received by our existing bank clients.”

About Algomi
Algomi connects fixed income professionals, empowering them to make better trading relationships, in the ever-changing landscape of capital, leverage and liquidity requirements. By harnessing the relationships between salespeople, traders and their clients, Algomi software greatly increases the opportunities and velocity in large and illiquid voice trades.
Algomi was founded in 2012 by Stu Taylor (Former Global Head of Matched Principal Trading and creator of PIN-FI at UBS), Usman Khan and Robert Howes (Founders of CAPXD), and Michael Schmidt (Former Head of European Credit Trading and IB Board Member at UBS). Algomi is backed by investment from Lakestar, and an exceptional panel of Strategic Advisors. Algomi has 140 employees with offices in New York, London and Hong Kong.www.facebook.com/AlgomiLtdwww.linkedin.com/company/algomi-ltdtwitter.com/Algomi_Ltdwww.algomi.com

Launch of Europe’s first index dedicated to raising family business profiles with investors

Amsterdam, Brussels, Lisbon, and Paris – 21 February 2017 – Euronext today announced the launch of Euronext® Family Business, the first European index dedicated to family businesses, designed to highlight the performance of 90 family companies listed in the four countries covered by Euronext.

Components of the Euronext® Family Business Index are selected from listed companies in compartments A, B and C of Euronext and on Alternext. To be eligible, candidates must meet criteria defining family businesses as determined by Euronext, with no limit on size or sector:

The physical person(s) who created the company, or the physical person(s) who acquired the company capital, or their spouses, parents or children or direct heirs of their children, have significant influence on the control of the business;

At least one representative of the family or relatives is formally involved in the governance of the company;

The next generation guarantees control or shows a clear-cut intention to take over the company.

This index counts 30 listed companies in compartment A, 30 in compartment B, and 30 in compartment C or on Alternext. Selection criteria are based on liquidity (80% of the most liquid stocks in each category) and market capitalisation. The full rules for the index are available on the Euronext website.

As index administrator, Euronext is responsible for ensuring compliance with rules defining index composition and will undertake annual and quarterly reviews. Euronext will publish the results of each review.

The new index is part of a series of initiatives targeting family businesses launched by Euronext on January 24 to provide additional support and promote financial markets as a source of financing. These include roll-out of FamilyShare, a Europe-wide programme offering support and coaching to unlisted family businesses with growth strategies that may require recourse to bond or equity markets, and, through a partnership with Morningstar, improved financial research coverage of small-and mid-size family companies listed on Euronext.

Euronext currently has 216 family businesses listed on its markets, together representing market capitalisation of €852 billion. This includes 157 small and mid-size companies whose total market capitalisation comes to €31 billion.

Amsterdam, Brussels, Lisbon, London and Paris – 17 February 2017 – Euronext announces that the Supervisory Board has approved unanimously the appointment of Paulo Rodrigues da Silva as CEO of Euronext Lisbon, CEO of Interbolsa and member of the Managing Board of Euronext N.V., pending all relevant shareholder and regulatory approvals.

Paulo Rodrigues da Silva has an extensive professional career, with roles covering the full spectrum of managerial responsibilities including commercial, technology, strategy and business development for a number of leading companies, namely as an Executive Board Member of Banco BPI; of Vodafone, both in Portugal and globally; and, most recently, of Caixa Geral de Depósitos (CGD). Paulo also brings significant international experience, having worked in four different countries managing large multi-national teams, developing new business operations and addressing complex business and technology transformations.

Stéphane Boujnah, Euronext CEO and Chairman of the Managing Board, said “We are delighted to welcome Paulo Rodrigues da Silva to our team. I am confident that his extensive experience in both the financial and technology industries make him an excellent choice of leader to fulfill Euronext’s commitment to developing its operations in Portugal. This includes the upcoming opening of our new IT centre in Porto, which already hosts more than a hundred engineers and IT operators. Paulo will play a critical part in accomplishing Euronext’s ambitions in Portugal and contributing to the Euronext group. I would like to thank Maria João Carioca Rodrigues for her contribution to Euronext and wish her luck in her new role.”

Bio
In 2016, Paulo Rodrigues da Silva joined Caixa Geral de Depósitos (CGD) as an Executive Board Member, with overall responsibility for technology, operations, marketing, communications and organization. He was also responsible for the coordination of the 2017-2020 strategic plan that supports CGD’s recapitalization process.From 2000 to 2009, Paulo held several positions at Vodafone Group. In 2000, Paulo joined the Executive Board of Telecel (Vodafone Portugal) as a Vice-President, in charge of Information Systems, Value Added Services and Customer Operations.In 2004, he joined Vodafone Group, where he was Global Director of Service Platforms, Global Director of IT & Services Development, based in Germany and in the UK. From 2007 to 2009, he moved to Vodafone Turkey, as Chief Commercial Officer.From 1991 to 2000, Paulo worked for Banco Português de Investimento (BPI), one of the largest Portuguese bank groups. He started in BPI in the Private Banking and Investment Centres and later moved to the acquired Banco Fonsecas & Burnay where he held several roles in Marketing, Credit/Debit Cards, IT and Operations. In 1996, he was appointed a Member of the Board of Directors, with overall responsibility for Information Systems, Network, Organization, Operations and Internet Strategy.Paulo started his professional career with McKinsey in 1990, where he was involved in several projects in different sectors - banking, telecommunications, transportation and energy.Paulo Rodrigues da Silva was born in 1964, holds a degree in Economics from Universidade Católica Portuguesa de Lisboa (1985) and an MBA from Insead (1989). He was also a Teaching Assistant at Universidade Católica Portuguesa in Lisbon from 1985 to 1987 and Research Assistant and Dean’s Assistant at Insead from 1987 to 1989.

Amsterdam, Brussels, Lisbon, London and Paris – 15 February 2017 – Euronext, the leading pan-European exchange in the Eurozone, today announced a strategic partnership with AX Trading, a US-based FinTech company, to create a new block trading service for equities. The platform will be based on AX Trading’s leading edge technology and owned and operated by Euronext. The service will cover large in scale orders in European equities from small caps to blue chips. Market participants across Europe will be able to execute blocks in a trusted environment that bridges the gap between human, high-touch trading and electronic, low-touch execution. The platform is scheduled for launch in mid-2017 pending regulatory approval.

Regulatory change, technology, best execution and pressure to maximize operational efficiency are driving demand for electronic block trading. Euronext’s neutrality and centuries-long experience in operating markets across Europe will combine with AX Trading’s technology to bring a new approach to block trading. The platform will combine a continuous order book with auctions and both conditional and firm order types which will empower users, both buy and sell side, to take more control over block order execution.

In today’s block trading venues, both sides of a block order are rarely active in the market at the same time. Trust and collaboration are fundamental to unlocking potential trading opportunities at this scale. Euronext’s new platform will allow users to proactively source liquidity by enabling the dissemination of indications of interest and thereby solicit potential counterparts to a trade. Uniquely, users will have full control over the content and distribution of these indications of interest, addressing concerns over information leakage. The platform will be complemented by a sophisticated analytics framework and various trading safeguards to ensure the highest level of protection to optimize execution performance.

Euronext’s block trading service will empower market participants across Europe to more efficiently execute block liquidity, on a local and international scale. Brokers will be able to integrate this into their dark liquidity seeking strategies, thereby enhancing their offering to institutional clients. Issuers, large and small, will benefit from the subsequent additional liquidity.

“We recognise that flexibility and choice are vital in achieving best execution. The new block trading service will therefore complement our core lit market with a sophisticated yet simple way to execute large orders on a truly pan-European platform, minimizing information leakage and market impact. We are delighted to establish this MiFID II compliant service in partnership with AX Trading. Together we will create value for the buy and sell side in their search for better solutions to the long term challenge of executing blocks,” said Lee Hodgkinson, Head of Markets & Global Sales at Euronext.

George O’Krepkie, Chairman & CEO AX Trading added: “The partnership with Euronext represents a shared vision for the future of block trading globally. The partnership is in response to the demand of portfolio managers and traders worldwide for a tool where they genuinely control their trading strategy. This partnership means that the ability to execute blocks on demand, even within continuous markets, will be met, that buy side portfolio performance will be enhanced, and the sell side will have the opportunity for increased profitability.”

Silo warrants on wheat and rapeseed will be introduced into the Euronext contract delivery mechanism later this year

Amsterdam, Brussels, Lisbon, London and Paris – 15 February 2017 – As part of its ‘Agility for Growth’ strategy introduced in May 2016, Euronext today announced the launch of a new post-trade solution. The Euronext Chequers service, which will be implemented in stages throughout 2017, will provide Risk Analytics, Inventory Management and a Collateral Transformation platform supporting commodities, fixed income and equities. This service meets increasing‎ participant demands for collateral upgrade opportunities, given regulatory constraints relating to capital and margin requirements and will help customers to control costs and improve efficiency.

The initial phase of Euronext Chequers will see the start of participant on-boarding in March. This will be using electronic storage certificates, to enhance the settlement and physical delivery of Euronext’s futures contracts. Euronext Chequers electronic silo-based warrants will then be introduced later in Q2 2017, giving clear, transferable title to goods stored in silos. Developed in collaboration with industry stakeholders, the silo-based electronic warrants will meet the needs of commodities market participants, storage facilities and financing banks across Europe with the potential to expand into global markets. The warrants will enable the digital transfer of ownership of silo based commodities and will provide greater opportunities for secured financing and collateralisation.

The later phases of Chequers scheduled for Q2 2017 onwards will also see the launch of an electronic all-to-all asset financing platform supporting all asset classes pairing liquidity providers with liquidity takers. The service will provide a direct connection between inventory management and the trading platform, allowing for a seamless asset financing solution. Future phases will include the introduction of risk analytics and additional collateral management functionality.

Commenting on the launch, Lee Hodgkinson, CEO of Euronext London and Head of Markets and Global Sales, said, "This initiative is particularly well aligned with the Euronext Group’s Agility for Growth strategy, with the aim of building a broad-based offering to create more options in our post-trade franchise. We see a greater demand for high-quality collateral, and our customer-centric approach will help us to meet the needs of the financial community with efficient solutions.Euronext Chequers is also a response to increased regulation, which impacts on pricing and the availability of liquidity.”

The Euronext Chequers service will be launched and supported by a dedicated team. To this end, Euronext has recently appointed Dennis Mullany as Product Manager. Dennis has extensive capital markets experience encompassing investment banking, central clearing and exchange traded business. Dennis will report to Andrew Simpson, Head of Post Trade Services, Euronext.

Please note that the service is now called Euronext Collateral Services

€15.6 million of cumulated gross efficiencies achieved since Q2 2016 as part of the cost cutting programme announced in the Agility for Growth plan, including some releases of accruals for €3.3 million.

Stable EBITDA at €283.9 million translated into a strong improvement in EBITDA margin, to 57.2% (2015: 54.7%).

Significant increase in EPS (basic): +14.6%, to €2.83 (2015: €2.47).

In line with dividend policy, €1.42 per share dividend proposed for approval at the AGM on 19 May 2017, which represents an increase of 14.5% compared to €1.24 per share paid last year.

Important milestones achieved in the deployment of Agility for Growth Strategic plan.

“The Euronext team is proud of the results we announce today for 2016. In a year marked by lower volumes on our markets that induced, as guided with our Q3 2016 results, a 4.3% decrease in revenue, we have managed to maintain our EBITDA in absolute terms stable compared to last year. Our cost base has been significantly reduced, and is now fully covered by our non-volume related revenue only. As a result, our profitability and EPS increased significantly and we are in a position to propose for the approval of our Annual General Meeting on 19 May 2017,based on our consistent dividend policy, the payment of a dividend of €1.42 per share, increased by 14.5% compared to last year. These results demonstrate Euronext’s continuous capability to service our shareholders and customers, and to deliver value against a tough trading environment. 2017 will be a critical year for our industry landscape. We will remain focused on executing our Agility for Growth strategy and maximizing opportunities that may arise, as we did with the agreement to potentially acquire LCH.Clearnet S.A.” said Stéphane Boujnah, Chairman and CEO of the Managing Board of Euronext NV.

About EuronextEuronext is the leading pan-European exchange in the Eurozone with nearly 1,300 listed issuers worth close to €3.6 trillion in market capitalisation as of end December 2017, an unmatched blue chip franchise consisting of 24 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM (formerly known as Alternext) and Euronext AccessTM (formerly known as the Free Market). For the latest news, find us on Twitter (www.twitter.com/euronext) and LinkedIn (www.linkedin.com/company/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

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